NEW YORK, Feb 9, 2026, 06:23 ET — Premarket
- XRP slipped roughly 4% to trade close to $1.38 in early New York action, mirroring declines seen in bitcoin and ether.
- Crypto’s still reacting to swings in U.S. tech stocks, with last week’s volatile moves and liquidations leaving the sector jittery.
- Next up, traders are eyeing U.S. payrolls on Feb. 11, the CPI inflation figures coming Feb. 13, plus Ripple’s XRP Community Day event, also landing Feb. 11.
XRP slipped roughly 4% to $1.38 early Monday in New York, mirroring declines across the wider crypto market. The token moved in a band from about $1.37 to $1.47 during the session.
This latest downturn is catching attention as crypto’s back to tracking high-beta risk patterns, moving in step with equities whenever nerves hit. Pressure on U.S. tech shares—particularly the AI crowd—has bled into digital assets, sparking forced deleveraging across the space, according to Barron’s. 1
Stock index futures in the U.S. barely budged early in the week, with investors bracing for a barrage of economic numbers and fresh remarks from Fed policymakers, Reuters reported. Tech swings unsettled markets last week, and with nerves still on edge, crypto traders have been ready to pare positions as soon as risk sentiment slips. 2
Liquidity is playing an outsized role here. “Reduced liquidity translates into sharper and more erratic price movements,” said Thomas Probst, research analyst at crypto data provider Kaiko. He’s more concerned by the ongoing trend: “It is the trend in liquidity that is truly concerning.” Kaiko looks at “market depth”—basically, how much can trade near the current price before it shifts. According to Probst, bitcoin’s depth has thinned out, so it doesn’t take much to move the price these days. 3
Big macro events are just ahead. The Labor Department lists the January U.S. Employment Situation report for release on Wednesday, Feb. 11, 8:30 a.m. ET. Two days later, Friday, Feb. 13, same time, the January Consumer Price Index drops. 4
Ripple plans to hold a virtual XRP Community Day on Feb. 11, according to the company. The event is aimed at connecting XRP holders with Ripple leadership for discussions around the XRP Ledger ecosystem. 5
XRP, a token heavily associated with Ripple and its payments pitch, often moves in sync with the wider crypto market. Thin liquidity just sharpens that effect—XRP will sometimes fall alongside bitcoin, headlines or no headlines about XRP itself.
But there’s a flip side. When order books are this thin, rebounds can get exaggerated, too. Volatility tends to pick up around major U.S. data drops, with traders recalibrating their bets on where interest rates are going — a big lever for risk assets.
If inflation runs hotter or tech stocks stumble again, that could easily trigger more forced sales—leveraged crypto bets would take the hit, sending XRP sliding back toward its recent lows.
All eyes on Wednesday’s payrolls, then Friday’s CPI. Ripple’s Feb. 11 event is also on deck—any hint could swing sentiment for XRP heading into the following week.
